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Meritage Homes CorporationNYSE:MTH Stock Report

Market Cap US$5.0b
Share Price
US$70.14
My Fair Value
US$83.88
16.4% undervalued intrinsic discount
1Y-31.2%
7D5.4%
Portfolio Value
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Meritage Homes Corporation

NYSE:MTH Stock Report

Market Cap: US$5.0b

Meritage Homes (MTH) Stock Overview

Designs and builds single-family attached and detached homes in the United States. More details

MTH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

Rewards

Price-To-Earnings ratio (7.8x) is below the US market (18.5x)

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 5.1% per year for the next 3 years

Significant insider selling over the past 3 months

Dividend of 2.45% is not well covered by free cash flows


MTH Community Fair Values

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See what 10 others think this stock is worth. Follow their fair value or set your own to get alerts.

MTH logo
Meritage Homes

Rising Costs And Demographic Shifts Will Bleed US Housing Value

Key Takeaways Persistent housing affordability issues and unfavorable demographic shifts are reducing demand for Meritage's core entry-level homes and limiting future growth opportunities. Elevated costs, geographic overexposure, and evolving consumer preferences are compressing margins and increasing risks to long-term profitability and market stability.
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US$60
FV
16.9% overvalued intrinsic discount
4.65%
Revenue growth p.a.
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Meritage Homes

Energy Efficiency And Demographic Tailwinds Will Sustain Housing Demand

Key Takeaways Efficient operations and focus on entry-level, energy-efficient homes position Meritage to outperform peers in growth, profitability, and resilience to market volatility. Heightened shareholder returns and disciplined capital allocation suggest further upside to earnings and intrinsic value beyond current market expectations.
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US$107
FV
34.4% undervalued intrinsic discount
5.49%
Revenue growth p.a.
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Meritage Homes

Sun Belt Demand Will Spur Homebuilding Growth Despite Margin Risks

Key Takeaways Expansion in community count and focus on entry-level homes positions the company to capture demand from younger buyers and support stable long-term growth. Geographic diversification, efficiency gains, and disciplined capital allocation underpin improved margins, risk mitigation, and enhanced earnings potential.
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US$84
FV
16.5% undervalued intrinsic discount
4.77%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
5users have followed this narrative
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Meritage Homes Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Meritage Homes
Historical stock prices
Current Share PriceUS$70.14
52 Week HighUS$102.91
52 Week LowUS$59.27
Beta1.42
1 Month Change-7.05%
3 Month Change0.26%
1 Year Change-31.24%
3 Year Change103.33%
5 Year Change39.92%
Change since IPO1,770.38%

Recent News & Updates

Meritage Homes: Weakness Will Continue, But Shares Are Still Attractive

Oct 08

Slowing Rates Of Return At Meritage Homes (NYSE:MTH) Leave Little Room For Excitement

Sep 24
Slowing Rates Of Return At Meritage Homes (NYSE:MTH) Leave Little Room For Excitement

Recent updates

Meritage Homes: Weakness Will Continue, But Shares Are Still Attractive

Oct 08

Slowing Rates Of Return At Meritage Homes (NYSE:MTH) Leave Little Room For Excitement

Sep 24
Slowing Rates Of Return At Meritage Homes (NYSE:MTH) Leave Little Room For Excitement

When Should You Buy Meritage Homes Corporation (NYSE:MTH)?

Jul 12
When Should You Buy Meritage Homes Corporation (NYSE:MTH)?

Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?

Apr 13
Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?

Meritage Homes Corporation's (NYSE:MTH) Price Is Right But Growth Is Lacking

Mar 26
Meritage Homes Corporation's (NYSE:MTH) Price Is Right But Growth Is Lacking

Returns At Meritage Homes (NYSE:MTH) Are On The Way Up

Mar 11
Returns At Meritage Homes (NYSE:MTH) Are On The Way Up

Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet

Feb 05
Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet

Meritage Homes: Strong Execution And Resilient Demand Fuel Growth

Feb 05

There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding

Dec 18
There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding

Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place

Dec 14

Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?

Dec 05
Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?

Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Nov 07
Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues

Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Nov 04
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?

Meritage Homes: Expect Value To Keep Building

Oct 13
User avatar

Aggressive Expansion And Narrow Market Focus Risk Eroding Future Profits

Focusing on move-in ready homes and rapid community expansion may narrow market appeal and increase operational risks, impacting earnings.

Meritage Homes Corporation: Staying Buy Rated As Demand Outlook Remains Positive

Jul 30

Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile

May 07

Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders

Apr 21

Meritage Homes: Amazing Orders Growth With Good Visibility Ahead

Feb 08

Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity

Nov 27

Shareholder Returns

MTHUS Consumer DurablesUS Market
7D5.4%3.3%1.7%
1Y-31.2%-12.5%14.4%

Return vs Industry: MTH underperformed the US Consumer Durables industry which returned -12.5% over the past year.

Return vs Market: MTH underperformed the US Market which returned 14.5% over the past year.

Price Volatility

Is MTH's price volatile compared to industry and market?
MTH volatility
MTH Average Weekly Movement5.6%
Consumer Durables Industry Average Movement6.9%
Market Average Movement6.5%
10% most volatile stocks in US Market17.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: MTH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MTH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19851,898Phillippe Lordwww.meritagehomes.com

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. It operates through two segments: Homebuilding and Financial Services. The company acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

Meritage Homes Corporation Fundamentals Summary

How do Meritage Homes's earnings and revenue compare to its market cap?
MTH fundamental statistics
Market capUS$4.97b
Earnings (TTM)US$638.30m
Revenue (TTM)US$6.22b
7.8x
P/E Ratio
0.8x
P/S Ratio

Is MTH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTH income statement (TTM)
RevenueUS$6.22b
Cost of RevenueUS$4.78b
Gross ProfitUS$1.43b
Other ExpensesUS$786.95m
EarningsUS$638.30m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 28, 2025

Earnings per share (EPS)8.97
Gross Margin22.93%
Net Profit Margin10.27%
Debt/Equity Ratio34.7%

How did MTH perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
18%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 16:33
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meritage Homes Corporation is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen KimBarclays
Rafe JadrosichBofA Global Research
Willy RandowCitigroup Inc